San Leon Energy Plc (SLGYY: OTC Link) | Exercise and Conversion of Realm Warrants


Exercise and Conversion of Realm Warrants

Sep 14, 2012

OTC Disclosure News Service

Wilton Place, Dublin, Ireland –

14 September 2012


San Leon Energy Plc


Exercise and conversion of Realm Warrants


San Leon Energy Plc (“San Leon” or the “Company”) announces that application has been made for the admission to AIM of 330,000 new ordinary shares of €0.05 each in the Company (“Shares”), pursuant to an exercise of warrants in Realm Energy International Corporation (“Realm”), acquired by San Leon in 2011, and conversion of the resultant Realm shares into San Leon Shares . The new Shares will rank pari passu in all respects will the Company’s existing Shares, and dealings are expected to commence on 20 September 2012 (“Admission”).


Following Admission, the Company’s enlarged issued share capital will comprise 1,141,224,173 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 1,141,224,173, which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.


In addition, San Leon maintains a blocklisting in respect of a further 10,767,376 Ordinary Shares to satisfy future requests by holders of exchangeable shares (resultant from San Leon’s recent acquisition of Realm Energy International Corporation) to exchange such shares for new San Leon Shares.  


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